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550 N 1st St 12,485 SF 100% Leased Office Building Woodburn, OR 97071 $4,900,000 ($392.47/SF)
Investment Highlights
- ADA showers and Bathrooms
- Designed for Residential Care Facility
- Commercial Kitchen
Executive Summary
Rare Historic Investment Opportunity in the Heart of Downtown Woodburn
Presenting a one-of-a-kind historic commercial asset with exceptional redevelopment and income potential. Built in 1914, this iconic former City Hall, Courthouse, and Fire Department has been fully remodeled from the ground up and is now vacant and turnkey, ready for its next chapter.
Spanning 13,848 square feet, the property features a brand-new infrastructure, offering modern systems while preserving the character and presence of a landmark building. The recent renovation was completed with use as a residential care facility in mind, creating immediate potential for RTF, memory care, assisted living, or similar licensed operations. The layout and scale also lend themselves well to a bed & breakfast, boutique motel, or other commercial uses, providing investors with multiple viable exit strategies.
Strategically located in the heart of downtown Woodburn, the property benefits from excellent visibility and accessibility—just minutes from I-5 and the Woodburn Premium Outlets, a major regional draw.
This is a rare opportunity to acquire a fully upgraded, historically significant building with flexible use, strong fundamentals, and long-term income potential in a growing market.
Presenting a one-of-a-kind historic commercial asset with exceptional redevelopment and income potential. Built in 1914, this iconic former City Hall, Courthouse, and Fire Department has been fully remodeled from the ground up and is now vacant and turnkey, ready for its next chapter.
Spanning 13,848 square feet, the property features a brand-new infrastructure, offering modern systems while preserving the character and presence of a landmark building. The recent renovation was completed with use as a residential care facility in mind, creating immediate potential for RTF, memory care, assisted living, or similar licensed operations. The layout and scale also lend themselves well to a bed & breakfast, boutique motel, or other commercial uses, providing investors with multiple viable exit strategies.
Strategically located in the heart of downtown Woodburn, the property benefits from excellent visibility and accessibility—just minutes from I-5 and the Woodburn Premium Outlets, a major regional draw.
This is a rare opportunity to acquire a fully upgraded, historically significant building with flexible use, strong fundamentals, and long-term income potential in a growing market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
12,485 SF
Building Class
B
Year Built
1914
Price
$4,900,000
Price Per SF
$392.47
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,161 SF
Slab To Slab
10’
Building FAR
1.25
Lot Size
0.23 AC
Zoning
DDC
Amenities
- Bus Line
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 105959 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $243,440 |
Property Taxes
Parcel Number
105959
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$243,440
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550 N 1st St
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